Investor must pay £1.5m to maintain blocking order in case of fraud

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By Joanne Faulkner (August 26, 2022, 7:56 p.m. BST) – A London judge ruled on Friday that a company run by property entrepreneur Nick Candy must pay £1.5 million ($1.8 million) to pursuing a global freezing order against a dotcom-era tech investor, he is accused of fraud.

High Court Judge Simon Bryan has given Candy, which controls Candy Ventures Sarl, until August 31 to deposit the money with the court or else the freezing order against Robert Bonnier and his Dutch social media company would be cancelled.

Judge Bryan said in an oral judgment that after hearing evidence of the money allegedly in Candy’s bank accounts and reading her witness statement,…

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